XM.com Upgraded Instruments List

XM is expanding the instruments pool for clients to trade, fully aligning it with institutional market practices.

New Indices and Commodities, Cash or Future, have been added to our Instruments list with even tighter spreads!

Indices Launch Date CASH FUTURE
Japan 225 9-Dec-14
Australia 200 9-Dec-14
Italy 40 11-Dec-14
Wall Street 30 11-Dec-14
US 500 11-Dec-14
US Tech 100 11-Dec-14
UK 100 11-Dec-14
France 40 12-Dec-14
Germany 30 12-Dec-14
EU Stocks 50 12-Dec-14
Switzerland 20 12-Dec-14
Netherlands 25 12-Dec-14
Spain 35 12-Dec-14
Hungary 14 16-Dec-14
Hong Kong 50 23-Dec-14
China H Shares 23-Dec-14
China A50 23-Dec-14
Singapore Blue Chip 23-Dec-14
Soft Commodities Launch Date CASH FUTURE
US Corn 9-Dec-14
US Wheat 9-Dec-14
US Sugar 11-Dec-14
US Cotton 11-Dec-14
US Cocoa 11-Dec-14
US Coffee 11-Dec-14
US Soybeans 9-Jan-15
Energies Launch Date CASH FUTURE
London GasOil 16-Dec-14
WTI Oil 16-Dec-14
Natural Gas Futures 23-Dec-14
Metals Launch Date CASH FUTURE
High Grade Copper 11-Dec-14
Palladium 16-Dec-14
Platinum 16-Dec-14

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New Lot Sizes:

In order to align with best market practices, Lot Sizes have changed accordingly for all non-Forex instruments.

    • Indices

As of the launch dates specified above, the size of 1 Lot will be 1 unit of Index CFD for all CFDs on Future Indices and Cash Indices.

(1 Lot = 1 unit Index CFD).

As of the launch dates specified above, the Minimum Trade size for each Index CFD will be 1 Lot. Allowable trading sizes are integer multiples of 1 Lot.

E.g. Allowable trade sizes are all integer numbers: 1, 2, 3, 4, 5…

Example

After the launch date of Wall Street 30 at 11/12/2014:

1 Lot Wall Street 30 = 1 unit Index CFD Wall Street 30 in USD

Profit Calculation: Number of Lots x (Index Close price – Index Open Price)

E.g. Assuming a client sells 5 Lots of Wall Street 30 at 17000 and closes the trade at 16900

Profit Calculation: 5 x (17000-16900) = USD 500

    • CFD on Commodity Futures

For CFDs on Commodity Futures, as of the launch dates specified above, the size of 1 Lot changes according to the table below. Allowable trading sizes are integer multiples of 1 Lot.

Instrument 1 Lot Size Indicative Price
as of 2/12/2014 (USD)
Indicative value
of 1 Lot (USD)
WTI Crude Oil 100 Barrels 68 per Barrel 6,800
Mini WTI Crude Oil 10 Barrels 68 per Barrel 680
Ln GasOil 4 Tonnes 640 per Tonne 2,560
Natural Gas 1000 MMBtu 4.1 per MMBtu 4,100
HG Copper 2000 LBS 2.87 per LBS 5,740
US Cocoa 1 Metric Ton 2841 per Metric Ton 2,841
US Coffee 10000 LBS 1.8525 per LBS 18,525
US Sugar 10000 LBS 0.15 per LBS 1,500
US Wheat 400 Bushels 6.0 per Bushel 2,400
US Cotton 10000 LBS 0.5935 per LBS 5,935
US Corn 400 Bushels 3.7 per Bushel 1,480
US Soybeans 400 Bushels 10.04 per Bushel 4,016
Palladium 10 Troy ounces 800 per Troy ounce 8,000
Platinum 10 Troy ounces 1220 per Troy ounce 12,200

Dividend adjustments on Cash Indices

Cash Indices will be subject to dividend adjustments. When a constituent member of an index pays Dividends to its Shareholders, dividend adjustments will be made to accounts of clients holding a position on the index at 00:00 GMT+2 of the ex-Dividend Date. Germany 30 (GER30) will not be subject to dividend adjustments.

Buy trades will receive as follows: Dividend adjustment per Index CFD x Lots held

Sell trades will be charged as follows: Dividend adjustment per Index CFD x Lots held

Example

E.g. Total Dividends for US 500 on a day are $0.5 per 1 unit of index CFD then:

Client position: 10 units of US 500 index CFD long
Dividend adjustment: 10 x $0.5 = +$5 (+$5 on Account Balance)

Client position: 20 units of US 500 index CFD short
Dividend adjustment: 20 x (-$0.5) = -$10 (-$10 on Account Balance)

New Price presentation for Wheat, Corn, and Soybean

As of the launch dates specified above, the price format for Wheat, Corn, and Soybean will be USD per Bushel; instead of the previous price format of USD-cents per Bushel.

E.g. As of the launch dates specified above, the price for Corn will be presented as 3.7725 USD per bushel(indicative price) instead of 377.25 USD-cents per bushel.

Nikkei – Replaced with a JPY Contract with Name JP225.

As of the launch dates specified above, a new Cash and a new Future instrument of JP225 will replaceNikkei 225. With exactly the same constituent members, JP225 will be denominated in JPY rather than USD.

As of 2/12/2014, indicative value of 1 Lot of JP225 is 17800 JPY.

Rollover Policy

As of the launch dates specified above, holding all Future CFDs on Index or Commodities/Energies/Metals overnight will not be subject to swap charges.

Holding a Cash Index overnight will be subject to swap charges based on the relevant Currency’s interbank rate. Exact swap rates are available on our website.

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